πŸ“Š Market Overview (Friday Close Β· Weekend)

  • Gold XAUUSD: $4,341.11 ↓2.37%
  • WTI Crude USOIL: $76.35 ↓1.32%
  • S&P 500 SPX: 7,757.46 ↓0.62%
  • Dow Jones DJI: 54,036.52 ↓0.28%
  • Nikkei 225 N225: 65,553.00 ↓0.20%

US equities closed slightly lower on Friday. Gold pulled back sharply by over 2%, while crude oil continued its weakness. Markets are closed for the weekend β€” news flow is the primary driver.

πŸ”₯ Key News This Hour

1. Iran FM’s Intensive Statements β€” Middle East Tensions Persist

Foreign Minister Araghchi explicitly stated there are no direct negotiations with the US, only intermediary exchanges. He emphasized that talks cannot resume as long as the US continues to violate the “Islamabad Memorandum.” Oman-mediated consultations on Hormuz Straitθˆͺ道 adjustments are in the final stage, but even an agreement “does not mean the strait is reopened.”

2. Wuxi AppTec 1260H List Lawsuit Progresses

A US court has ruled on Wuxi AppTec’s preliminary injunction motion. The company previously sued over its inclusion on the Pentagon’s 1260H list, expressing strong opposition to the designation.

🧭 Situation Assessment

Iran’s FM has set a firm tone, explicitly refusing to resume negotiations under US “violation” conditions. The Hormuz Strait navigation issue has no timeline, and Middle East geopolitical risk premium will persist in the near term.

The Wuxi AppTec lawsuit is a microcosm of US restrictions on China’s biotech supply chain. The court’s ruling will shape overseas business expectations for the entire CXO sector.

Gold’s 2%+ drop on Friday is a technical correction of excessive risk premium, but with Middle East tensions not substantively easing, downside support remains valid.

US equities saw a moderate pullback with contained losses. Market sentiment is stable, and weekend geopolitical headlines will be the key variable for next week’s opening direction.

⏰ Upcoming Key Data

Markets are closed for the weekend with no immediate data. Next week’s focus: US July CPI/PPI inflation data and initial jobless claims. Inflation trends will continue to drive Fed rate-cut expectation trading.